What is this nonsense I just heard about employers not wanting to hire you if you have a bad credit rating?

If anyone else has heard of this and can elaborate more on whether or not it's true, possible and if so, why this is done, please do. Thanks.

What is this nonsense I just heard about employers not wanting to hire you if you have a bad credit rating?
It is true for some employers. They use it to see if you are and have been a responsible person, and how consistent you are. Your credit report will also often shows previous residence and employment. Thankfully, I've never had an employer check mine. McDonald's wouldn't hire me based on my credit score.
Reply:Even if you're not likely to steal, someone who is careless with their own finances is likely to be careless with everything they do including their job.
Reply:That does apply to some employers, especially those that handle money. Employers tend to shy away from hiring employees that are in financial trouble, not wanting it to get to the point where the employee may turn to steeling money from them to take care of their own problems. I have seen this happen quite a bit.





Best Regards,


Mike, CEO


http://www.TheCreditRehab.com
Reply:Show me a potential hire that has a bad credit rating, and it's a red flag.





In retail (and the like), you're much more likely to steal (not saying you are, I'm saying in general), and there's a whole host of other things that come in to play that generally say "potential problem employee".





In a professional setting, it's worse. If you have to travel, a company is not going to want to give you a corporate credit card that they could potentially have liability for. You're also significantly more likely to pad that expense report. You're much more likely to behave unethically, and possibly expose the company to potential liabilities.





Your credit rating/score shows your financial responsibility; ultimately, how well do you manage money. If you do a horrible job, it begs the question of "why should I hire you?"





Is it unfair? Maybe, but ultimately, a company has to protect its own interests.
Reply:It is not nonsense. If someone was careless about their own finance (which is an important factor in maintaining a good household), how is employer is to assume that person will handle his/her job responsibilities sensibly?





Granted, many times, bad credits are caused by factors that are accidental or beyond ones control, many of them are self-induced.





Employers are interested in getting a good reliable employee. They are not at all, interested in giving someone a second chance. Harsh, but is a reality.
Reply:People who take money and don't pay it back are seen as dishonest and dishonest people make bad workers. Or so it seems.






Reply:Very much so, depending on the type of employment, more than likely if your dealing with money,personal info of others. On average your credit rating is a barometer of your character. Unfair as it is alot Of employers want 2 limit their liability and this is one of the tools they use.
Reply:yep it is true, very good judge of responsibility, your credit bureau. They are most likely not gonna say no we are not hiring you over one late pay or anything but they will most likely check with you and ask questions as to why it is the way it is
Reply:


here are some search results


http://www.yabloog.com/13credit_card_.ht...
Reply:Its true. Big brother via the credit companies is watching you.
Reply:It's true. not all check your credit rating though. usually financial businesses like banks would do such a check.
Reply:People who do not pay their bills are not always good employees, and there is a chance of bill collectors calling them at work, which could be a disruption. Its another way of screening their applicants.
Reply:It's been happening for a long time. Just more corporate American, big brother BS.
Reply:Yes it is true, I was not hired by 2 different companies actually. I'd been a housewife for years, then we divorced and I went out to work, well due to a foreclosure..I could not have possibly made what he did!!





They say a person's credit tells the employer if that person is reliable or not, it says alot about them.





It seems funny with the crisis alot of people are going through now, it has nothing to do with who we are, rather the cards we've been dealt and it makes NO sense to me. My credit told them about me?? It didn't tell them alot about the situation that put me where I was and if I couldn't work, then I couldn't pay my bills and if those bills didn't get paid, then I suffered another remark against me?!?!?!?!?





Target %26amp; Walgreen's are 2 of the places that I know of that check your credit report!!


I found out about this, unfortunately quite a few years ago!!





Good Luck, hope it doesn't happen to you. I'm not so much bitter about it, they could give you a chance to explain what happened though!!



Reply:Depends on the job. If you're working in retail, it's good to see how you manage your own money before you handle the companies money
Reply:It's true,it's a good way to see how responsible a new hire is...
Reply:It is true but I have a feeling with the way the economy has turned it will be done with soon enough. Credit effects your right to fair housing, your insurance prices, and your job eligibility. Not every employer looks at credit but bigger companies do. They feel that statistically, people with good credit are less likely to steal from the company. I think it is discrimination and should be illegal. I think they should only be able to look at your criminal record, not whether or not you have a good credit score.